Vegas Strip Sportsbooks Destroyed You

I like to bet on sports, but I tend to stay away from the Vegas Strip when it comes to sports gaming since I live down the street from Red Rock Casino.  Also, if it decides to work, I can use my netbook to bet online legally.

At the end of May and into the beginning of June I had one of my worst strings of sports gaming.  In fact, it was so bad I stopped betting after a week into June.  I figured time would do me some good to stay away and I was right.  Thankfully, I’m back to normal now peppering my losses with wins.

Looking at the gaming numbers from May, it seems as if I’m not the only person who did poorly with sports.  In fact, while casinos on the Vegas strip improved almost 30% in overall gaming income in May they destroyed sports bettors!

Casinos on the Las Vegas Strip chalked up a 28.9 percent jump in winnings in May, the biggest increase since February 2010.

The gain was led by baccarat, up 129.7 percent, and by the sports books, which saw a 511.7 percent jump.

The casinos improved by 500% in May (year over year) which means bettors lost 5 times as much this May as they did last year!  That’s a shocking number to look at but the only thing this says to me is that the smart bettors aren’t doing much sports gaming on the strip, which wouldn’t be much of a surprise to me.  The strip is mostly tourists who mostly bet with their heart and not their head.

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Las Vegas Writer, Marketer, Consultant. I love Vegas and everything about it. When in Vegas do 3 things: eat, drink & gamble.

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Author: Marc

Las Vegas Writer, Marketer, Consultant. I love Vegas and everything about it. When in Vegas do 3 things: eat, drink & gamble.